F.N.B. Co. (NYSE:FNB) to Issue $0.12 Quarterly Dividend

F.N.B. Co. (NYSE:FNB - Get Free Report) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 0.12 per share by the bank on Saturday, June 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, June 6th.

F.N.B. Stock Up 0.4 %

Shares of NYSE:FNB traded up $0.05 during midday trading on Thursday, reaching $13.64. The company had a trading volume of 3,216,193 shares, compared to its average volume of 2,201,198. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The business's 50 day moving average price is $13.49 and its 200 day moving average price is $12.91. The stock has a market cap of $4.90 billion, a PE ratio of 10.99, a P/E/G ratio of 9.44 and a beta of 1.00. F.N.B. has a 1-year low of $10.09 and a 1-year high of $14.19.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the previous year, the business earned $0.40 earnings per share. Research analysts forecast that F.N.B. will post 1.41 EPS for the current fiscal year.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the transaction, the director now directly owns 149,458 shares in the company, valued at approximately $2,014,693.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 6,500 shares of company stock worth $87,505 over the last three months. 1.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FNB has been the subject of several recent analyst reports. Raymond James upped their target price on F.N.B. from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. StockNews.com cut F.N.B. from a "hold" rating to a "sell" rating in a research note on Friday, February 16th. Bank of America initiated coverage on F.N.B. in a research note on Thursday, January 11th. They set a "buy" rating and a $15.00 target price for the company. Stephens cut their target price on F.N.B. from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. Finally, Wells Fargo & Company increased their price target on F.N.B. from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.00.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.